ASGN (NYSE:EFOR) Price Target Lowered to $17.00 at UBS Group

ASGN (NYSE:EFOR) had its price target reduced by stock analysts at UBS Group from $35.00 to $17.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. UBS Group’s price target would indicate a potential downside of 12.01% from the stock’s current price.

A number of other research analysts also recently issued reports on EFOR. Wells Fargo & Company dropped their target price on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Truist Financial downgraded shares of ASGN from a “buy” rating to a “hold” rating and decreased their price target for the company from $60.00 to $33.00 in a research note on Thursday, April 23rd. Wall Street Zen cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings downgraded ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered ASGN from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $32.67.

ASGN Stock Performance

EFOR traded up $0.20 during trading on Friday, reaching $19.32. 757,792 shares of the stock traded hands, compared to its average volume of 1,043,990. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82. ASGN has a 12 month low of $16.90 and a 12 month high of $60.75. The stock has a market capitalization of $794.05 million, a P/E ratio of 8.55 and a beta of 0.46.

ASGN (NYSE:EFOR) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). ASGN had a net margin of 2.46% and a return on equity of 10.30%. The business had revenue of $968.30 million during the quarter. During the same quarter last year, the company earned $0.92 earnings per share. ASGN’s revenue for the quarter was up .0% compared to the same quarter last year. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. As a group, analysts predict that ASGN will post 3.39 EPS for the current year.

Insider Activity

In other ASGN news, EVP Marie Perry bought 5,350 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was bought at an average cost of $18.70 per share, with a total value of $100,045.00. Following the completion of the transaction, the executive vice president directly owned 58,328 shares in the company, valued at approximately $1,090,733.60. The trade was a 10.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Maria R. Hawthorne bought 5,136 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $19.49 per share, for a total transaction of $100,100.64. Following the acquisition, the director directly owned 15,388 shares in the company, valued at $299,912.12. The trade was a 50.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 91,375 shares of company stock valued at $1,770,367. 3.40% of the stock is currently owned by insiders.

Institutional Trading of ASGN

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of ASGN by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after purchasing an additional 27,903 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ASGN by 106.4% in the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after acquiring an additional 32,437 shares in the last quarter. New South Capital Management Inc. increased its position in shares of ASGN by 39.2% during the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after acquiring an additional 178,895 shares during the last quarter. Parallel Advisors LLC lifted its holdings in ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after acquiring an additional 912 shares during the period. Finally, Reinhart Partners LLC. boosted its position in ASGN by 12.5% in the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after purchasing an additional 134,513 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.